Gulfport Energy Corp Stock Price, News & Analysis

Gulfport Energy Corporation (GPOR) reported its Q3 2021 results, revealing a net cash flow of $126.3 million and free cash flow of $69.7 million. The company has authorized a stock repurchase program of up to $100 million and amended its credit facility, boosting liquidity by over $160 million. Key production details include a gross production rate of 250 MMcfe per day from the Angelo pad and a daily average production of 973.3 MMcfe. The 2021 full-year free cash flow guidance has been raised to $345-$365 million, showing operational strength and improved efficiencies.

Gulfport Energy Corporation (NYSE: GPOR) will host a teleconference on November 3, 2021, at 9:00 a.m. ET, to discuss its third quarter 2021 financial results. A news release will precede the call on November 2, 2021, after market close. The conference call can be accessed via the Gulfport website or by phone. A replay will be available until November 17, 2021. Gulfport is focused on natural gas and crude oil production primarily in the Appalachia and Anadarko basins, with significant operations in Eastern Ohio and central Oklahoma.

Gulfport Energy Corporation (NYSE: GPOR) announced a successful amendment to its credit facility, increasing liquidity by over $160 million. This amendment raises aggregate lender commitments from $580 million to $700 million and allows for strategic financial flexibility. Key features include a revised leverage ratio and the elimination of certain availability blockers. Pro forma liquidity as of September 30, 2021 stands at $389 million. The maturity date is extended to October 2025.

Gulfport Energy Corporation (NASDAQ: GPOR) reported its financial results for Q2 and the first half of 2021, revealing a successful restructuring process completed on May 17, 2021. Key highlights include a reduction in total debt by over $1.2 billion and annual cash interest expense by $90 million. The company reported $87.3 million in operating cash flow and $74.4 million in free cash flow. For 2021, Gulfport plans capital investments of $290-$310 million, with an expected net production of 975-1,000 MMcfe per day and aims to generate approximately $290 million to $310 million in free cash flow.

Gulfport Energy Corporation (NYSE: GPOR) will host a teleconference and webcast to discuss its Q2 2021 results on August 6, 2021, at 9:00 a.m. ET. A news release revealing the financial and operational results will be issued on August 5, 2021, after market close. The public can access the call via a link on the Gulfport website or by dialing 866-373-3408 domestically. A replay of the call will be available until August 20, 2021. Gulfport focuses on natural gas and crude oil exploration and production, primarily in the Appalachia and Anadarko basins.

Gulfport Energy Corporation (NYSE: GPOR) has emerged from Chapter 11 protection after confirming its Plan of Reorganization on April 28, 2021. The restructuring led to a new Board of Directors and a strengthened balance sheet with $853 million in total debt, representing over $1.2 billion in deleveraging. Gulfport now enjoys approximately $135 million in liquidity, with a net-debt-to-EBITDA ratio of around 1.5x. The company's new common shares are set to trade on the NYSE under the symbol "GPOR" starting May 18, 2021.

Gulfport Energy Corporation (GPOR) announced the U.S. Bankruptcy Court's approval of its first-day motions, allowing it to access $90 million in debtor-in-possession (DIP) financing. This funding will support ongoing operations, including paying employee wages and benefits. Gulfport filed for Chapter 11 on November 14, 2020, and aims to eliminate approximately $1.25 billion in debt while restructuring its capital. A Restructuring Support Agreement has been reached with over 95% of its lenders.

Gulfport expects to exit bankruptcy with leverage below two times and secure $580 million in exit financing.

Gulfport Energy Corporation (NASDAQ: GPOR) has initiated a voluntary Chapter 11 process to restructure its finances, supported by a Restructuring Support Agreement with over 95% of its lenders. The plan aims to eliminate approximately $1.25 billion in debt and reduce annual cash interest expenses. Gulfport secured $262.5 million in debtor-in-possession financing, including $105 million in new funds for operational expenses. The company expects to exit Chapter 11 with leverage below two times, improving cash flow generation and stakeholder value.

Gulfport Energy Corporation (GPOR) reported Q2 2020 results, showing a net loss of $561.1 million or $3.51 per share. However, adjusted net income was $47.1 million, or $0.29 per share. The company improved well costs; costs per lateral foot dropped 18% in Utica Shale. Operating cash flow stood at $97.9 million, and free cash flow was $43.9 million. Production averaged 1,027 MMcfe per day, with natural gas prices averaging $1.02 per Mcf. Gulfport plans to defer some production to late 2020 for better pricing and confirmed 2020 production guidance remains intact.